Import Export Code (IEC) Registration is a process essential for every importer and exporter merchants for carrying on the business of import and export of goods or services.
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Import Export Code (IEC) Registration is a process essential for every importer and exporter merchants for carrying on the business of import and export of goods or services. It is a ten digit code issued on PAN basis which is required for carrying Import Export business.
All exporters must mention their IE Code while exporting their goods from India. All importers must mention their IE Code while clearing customs when their goods arrive in India. Also, now RBI requests the entities importing or exporting services to also mention IE Code in foreign remittances in bank accounts. Therefore, IE Code is required for anyone involved in import or export in India.
Legal Window ensures you the high level of satisfaction and timely delivery of Import Export Code and better dealing with the requirement of government through its expert professionals. You may get in touch with our team on 072407-51000 or email [email protected] for (Import Export License) IEC Code Registration in Jaipur.
Obtaining Import Export Code is completely online process through portal. It is very easy process to acquire IEC code from the DGFT. There isn’t any need to give a proof of any imports or exports for getting IEC code.
IEC code is given for the lifetime of an entity and requires no renewal. After it is acquired, it could be utilized by any entity against all fare and import exchanges.
Once you apply for IEC License, no return filings are required thereafter. Once you get your registration done, there isn’t any kind of procedures for supporting its legitimacy. There isn’t any prerequisite for documenting with DGFT also.
It acts as a license for Importing and Exporting of goods. Through IEC number, Goods are cleared from the custom authorities and it provides dealer code details along with the details of the port from which goods are being imported and exported. With the help of IEC, it reduces the transmission of illegal goods.
Fill the basic questionnaire provided by our team and fill the details.
Submit all the documents mentioned herein above to us.
You will receive an OTP on your Mobile no. and Email.
After receiving the OPT we proceed further and apply for your Import export code registration with DGFT.
We will pay the Government registration Fee of IE code Registration.
Once the application gets approved we will provide you the IE code license on your email id.
An Import Export Code is required for import or Export of any type of goods by a business.
However, the following category of persons are exempted from obtaining an IE Code:
Importer and export by central Government or agencies or undertakings for defense purpose or other specified lists under Foreign Trade (exemption from the application of Rules in certain cases) Order, 1993.
Import or Export of Goods for personal use.
Import Export Code is valid for the life-time of entity and does not require renewal.
IE code is needed by the custom authorities to clear the shipments in the case of any imports.
Also, it is needed by the bank to transfer the amount in the case of any exports/imports made.
In case exporter needs to send the shipments, then it is required.
When the exporter is supposed to receive money in foreign currency and it is transferred directly into his bank account.
Import Export Code registration is not mandatory, only persons who do import and export of goods or services must have Import Export Code. Therefore, there is no penalty for not having the Code; however, import / export will not be possible if you don’t have Import Export code.